In early 2022, Earnity expects to formally launch its beta platform, which will provide global users access to a wide array of cryptocurrency assets. The company, which Domenic Carosa and Dan Schatt founded, believes that accessing cryptoassets should not require a ton of steps and a degree in cryptography.
Earnity has raised more than $20 million in 2021 to aid in its pursuit of giving people a secure and community-oriented marketplace where they can earn, learn about, collect, and gift various crypto tokens and portfolios. Its lead investor in a Series A offering was BitNile, a pure-play provider of Bitcoin mining and data center operations. Other participants who joined the investment round were Thorney, an Australia-based LIC company listed in Securities Exchange, and NGC Ventures, a blockchain fund.
Earnity and BitNile will form joint ventures that will develop and promote NFTs (non-fungible tokens), cryptocurrencies, and other decentralized finance (DeFi) products and services. These products are made possible because of a distributed ledger technology called a blockchain. The technology acts as a digital transaction ledger that facilitates the secure transactions of a particular digital currency.
It is said that blockchain technology could eventually prove to be the most significant innovation that has come out of the crypto revolution. Blockchain is essential not only in cryptocurrencies and other DeFi assets, but its application has also spread to other industries, including payments, healthcare, cybersecurity, and welfare benefits. Some of the services that blockchains can help improve are cross-border payments, smart contracts, identity management, and supply chain management.
The team behind Earnity, led by Domenic Carosa and Dan Schatt, is passionate about the future of blockchain. They are committed to building crypto products and protocols that will ultimately become industry benchmarks. This way, more opportunities will be available for users to benefit from the digital currency marketplace.